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Hackers siphon millions in cryptocurrency from dForce exchange

The Chinese decentralized finance (DeFi) protocol dForce has fallen victim to a well-known exploit of an Ethereum token which led to $25m worth of its customers’ cryptocurrency being stolen.

As reported by Decrypt, DForce recently announced that it had secured $1.5m in a seed funding round led by the crypto venture capital fund Multicoin Capital. However, those funds were drained from the contracts of a lending protocol that is part of dForce called Lendf.Me.

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